Corazon Mining Limited · ASX:CZN
Corazon Mining — Shareholder Meeting (November 2023)
17 slides from Corazon Mining's shareholder meeting presentation, Nov 17, 2023
Slide 1: AGM Presentation – Opportunity – Critical Metals Discovery
AGM Presentation Opportunity – Critical Metals Discovery 17th November 2023
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation has been prepared by Corazon Mining Limited (“Corazon” or “Company”). It contains forecasts and forward looking statements which are not a guarantee of future performance and which involve certain risks. Actual results and future outcomes will in all likel
Slide 3: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration Results and Targets is based on information compiled by Mr. Brett Smith, B.Sc Hons (Geol), Member AusIMM, Member AIG and an employee of Corazon Mining Limited. Mr. Smith has sufficient experience that is relevant
Slide 4: Corazon's Critical Metals Focus
CORAZON’S CRITICAL METALS FOCUS Discovery of Lithium Pegmatite within Eastern Goldfields “Spodumene Hub” • At surface – never drilled • Large geochemical anomaly Discovery and Development of Nickel Sulphide Resources for the Growing North American and European Battery Supply Chain • Large Class-1 Ni
Slide 5: Miriam Project – Western Australia
MIRIAM PROJECT – WESTERN AUSTRALIA REGION OF GROWING LITHIUM PEGMATITE SIGNIFICANCE Discovery of Lithium Pegmatite • Close to major resources • Spodumene-rich pegmatite outcrop in old gold workings – never drilled • Area predominantly covered by thin soils • Large geochemical anomaly Miriam Pegmatit
Slide 6: Miriam – Also a Nickel Sulphide Project
MIRIAM – ALSO A NICKEL SULPHIDE PROJECT Discovered in 1969 – drilling identified a ‘high nickel tenor’ within komatiite hosted massive and disseminated sulphide – minimal nickel exploration over the past 20 years Multiple ultramafic channel horizons over a 2.5 km strike Miriam Deposit discovery dril
Slide 7: Miriam Lithium Prospect
MIRIAM LITHIUM PROSPECT Lithium in Soil Geochemical Image Recent discovery of outcropping spodumene (lithium) bearing weathered (depleted) pegmatite assaying as high as 1.85% Li2O (ASX announcement 17 January 2023) Evidence for multiple pegmatite occurrences – under shallow soil cover Soil geochemic
Slide 8: Lynn Lake Historical Mining Centre - Redevelopment
LYNN LAKE HISTORICAL MINING CENTRE - REDEVELOPMENT LOOKING TO BUILD A LOW-CARBON, LOW-COST, LONG-LIFE MINING OPERATION Mining studies, for a large-scale operation, incorporating new “fit-for-purpose” resource estimates Concept for an opencut startup, progressing to a totally underground operation Hi
Slide 9: Exploration Focussed on the Fraser Lake Complex
EXPLORATION FOCUSSED ON THE FRASER LAKE COMPLEX GEOPHYSICS IS THE KEY TO DISCOVERY UNDER COVER Large fertile intrusive complex – polluted with Ni- Cu-Co sulphides + barren sedimentary sulphide xenoliths Exploration methods have been developed since 2017 – starting to deliver results 9 Lynn Lake Aero
Slide 10: Exploration Focussed on the Fraser Lake Complex
EXPLORATION FOCUSSED ON THE FRASER LAKE COMPLEX EXTENSIVE SULPHIDE MINERALISATON DISCOVERED BY CORAZON’S DRILLING Mineralised Matrix Trend – Best Results 88.5m @ 0.22% Ni & 0.11% Cu Matrix Trend – primary focus for CZN’s exploration to date 56.1m @ 0.43% Ni & 0.18% Cu Incl 22.6m @ 0.70% Ni & 0.35% C
Slide 11: Exploration Focussed on the Fraser Lake Complex
EXPLORATION FOCUSSED ON THE FRASER LAKE COMPLEX GEOPHYSICS IS THE KEY TO DISCOVERY UNDER COVER Aerial magneto-telluric (MT) (2020) and gravity (2022) surveys have unlocked the internal structure of the Fraser Lake Complex intrusives High-powered innovative 3D ground induced polarisation (IP) New 3D
Slide 12: Fraser Lake Complex
FRASER LAKE COMPLEX MODERN GEOPHYSICS CRITICAL IN UNLOCKING DISCOVERIES UNDER COVER AT LYNN LAKE Matrix Trend IP Chargeability Anomaly (Disseminated Sulphides) Adjacent Conductive Pipe New 3D IP+MT Survey Drill Hole Intercepts 1. 34.54m @ 0.32% Ni from 36m 2. 25.63m @ 0.66%Ni from 258m 3. 12.97m @ 0
Slide 13: Fraser Lake Complex
FRASER LAKE COMPLEX MODERN GEOPHYSICS CRITICAL IN UNLOCKING DISCOVERIES UNDER COVER AT LYNN LAKE Matrix Trend IP Chargeability Anomaly (Disseminated Sulphides) Adjacent Conductive Pipe New 3D IP+MT Survey Drill Hole Intercepts 1. 34.54m @ 0.32% Ni from 36m 2. 25.63m @ 0.66%Ni from 258m 3. 12.97m @ 0
Slide 14: A Critical Metals Focus
A CRITICAL METALS FOCUS PROJECT LOCATION BENEFITS OF 1ST WORLD JURISDICTIONS Lynn Lake – Big “Low-Carbon” Project • Large Class-1 Nickel Sulphide resources • Powered by renewable hydro-electricity LYNN LAKE – 100% NICKEL-COPPER-COBALT • Exciting discovery potential MIRIAM – ACQUIRING 100% Miriam – N
Slide 15: Corazon Mining Limited – At a Glance
CORAZON MINING LIMITED – AT A GLANCE Capital Structure – ASX:CZN Issued Shares 615m Unlisted Options/Rights (1) 25.31m Market Cap (@ $0.016/share) $9.84m Cash (September 2023 Quarterly) $1.56m 52W High $0.031 Low $0.010 Shareholder Composition Daily Average Volume Traded 498k Number of Shareholders
Slide 16: Corazon Mining Limited
CORAZON MINING LIMITED A stable and driven company with market support that has built quality advanced projects in a very challenging market Right commodities – perfect timing Historically well supported by investors Primary Nickel Supply/Demand Balance (Kt Ni) (1) 16 (1) Source: Benchmark Mineral I
Slide 17: For further information, please contact
Website LinkedIn For further information, please contact: Brett S Smith Managing Director Corazon Mining Limited Telephone: +61 8 6166 6361 Email: info@corazon.com.au Website: corazon.com.au